FOREX-Dollar falls after smaller-than-expected rise in U.S. inflation, euro edges higher after ECB decision
By Chibuike Oguh and Samuel Indyk
NEW YORK/LONDON, Dec 18 (Reuters) - The dollar lost ground against its major counterparts on Thursday after data showed a lower-than-expected rise in U.S. inflation, while sterling turned higher as a deeply divided Bank of England cut rates.
U.S. inflation rose 2.7% year-on-year in November, according to Labor Department data, compared with a 3.1% increase forecast by economists polled by Reuters.
The dollar weakened 0.14% to 155.43 against the Japanese yen JPY= and was down 0.26% to 0.793 against the Swiss franc CHF=.
The euro edged higher after the European Central Bank kept its policy rates steady and took a more positive view on a euro zone economy that has shown resilience to global trade shocks.
The euro EUR= was last up 0.12% at $1.1753 against the dollar.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.15% to 98.22.
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